Jefferies Group Analysts Give Mattel (MAT) a $14.00 Price Target
Mattel (NASDAQ:MAT) has been assigned a $14.00 target price by Jefferies Group in a note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential downside of 4.24% from the company’s previous close. Jefferies Group also issued estimates for Mattel’s Q4 2017 earnings at $0.27 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $0.20 EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.44 EPS and FY2019 earnings at $0.68 EPS.
MAT has been the topic of several other reports. DA Davidson reaffirmed an “underperform” rating and set a $14.00 target price (down from $18.00) on shares of Mattel in a report on Tuesday, September 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Mattel in a report on Thursday, August 31st. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. UBS set a $22.00 target price on shares of Mattel and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, TheStreet cut shares of Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.54.
Mattel (MAT) traded down $0.75 during trading on Tuesday, reaching $14.62. 9,017,481 shares of the company’s stock traded hands, compared to its average volume of 7,943,957. The company has a market cap of $5,169.69, a PE ratio of 100.27, a P/E/G ratio of 38.67 and a beta of 1.00. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32. Mattel has a 52-week low of $12.71 and a 52-week high of $31.60.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the company earned $0.70 earnings per share. The firm’s revenue was down 13.1% compared to the same quarter last year. equities analysts forecast that Mattel will post 0.04 EPS for the current year.
A number of institutional investors have recently modified their holdings of MAT. Retirement Systems of Alabama boosted its position in Mattel by 0.3% in the second quarter. Retirement Systems of Alabama now owns 166,090 shares of the company’s stock valued at $3,576,000 after buying an additional 558 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Mattel by 231.1% in the second quarter. Canada Pension Plan Investment Board now owns 227,050 shares of the company’s stock valued at $4,888,000 after buying an additional 158,484 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Mattel by 7.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,759,364 shares of the company’s stock valued at $37,880,000 after buying an additional 126,497 shares in the last quarter. Boston Partners acquired a new stake in Mattel in the second quarter valued at approximately $646,000. Finally, First Trust Advisors LP boosted its position in Mattel by 4.9% in the second quarter. First Trust Advisors LP now owns 638,718 shares of the company’s stock valued at $13,752,000 after buying an additional 29,791 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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